Ace the Canadian Securities Course 2026 - Rock the CSC Practice Exam!

The characteristic of Instalment GICs is that an initial lump sum contribution is made, which sets it apart from other options. Option B relates to market-linked GICs, C is true for Term Deposits and D is a feature of Index-linked GICs. Instalment GICs are designed for investors who want to gradually save money while receiving a guaranteed rate of return. They allow for convenient contributions at regular intervals and also provide the security of a guaranteed return of the initial investment at maturity. So, while the other options may also have attractive features, only option A accurately describes the distinguishing characteristic of Instalment GICs.